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Thriving Lancashire Paint Supplier for Motor, Agriculture & Building Trades, Shareholders Retiring

Undisclosed, Lancashire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    19/05/23

  • Advert ID

    513505

  • Reference

    B07306 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £210,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

A successful paint supplier to various industries

Business
Please quote reference B07306

Starting their operations in the year 2009, this company is a supplier of paints, primarily to the motor industry. However, since their inception its client base has expanded to include those in other industries such as the agriculture and building trades. Operating out of the Northwest, the company supplies businesses across the region, 99% of whom have become repeat customers.

During its time in operation, they have seen consistent growth as a company. As such it has managed to accrue a client base over four hundred strong which is constantly expanding. The company is poised to continue its expansion, with plans to facilitate this with more active marketing via social media, events and a dedicated salesperson.

For a prospective purchaser, there are a number of gains to be enjoyed. Notably the company enjoys a repeat client base along with a great working relationship with their suppliers. Additionally, the market for their products is incredibly healthy with an active social media presence and sales force reinforcing a growth in the business.

Highlights - 

  • 99% of clients are from return business.
  • Over 400 clients.
  • Operates from the Northwest.
  • Diversified client demographics including the motor repairs, agriculture and building trade industries.
  • Own fleet to facilitate deliveries.
Opportunities -

  • Continue to adapt to market trends.
  • Further diversify products and services.
  • A growing industry.
  • Potential to bring on apprentices.
This company is currently for sale due to the current shareholders wishing to retire.



Location
Located in the North West. 



Premises
Trading from a rented premises. 



Tenure
Leasehold basis. 



Hours
Due to the nature of the business, it operates all year round. 



Staff
Further information can be made available. 



Financial Profile
2023 Turnover IRO £680k

  • 100% share sale.
  • Prospective purchasers will be required to sign an NDA.


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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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